CL Ziegler
Help me understand something? (1% rule, 2% rule, etc)
Hi everyone,Firstly, I know these are guidelines only. I got that....But regarding the ROI of a property I'm considering, I don't see the benefit to buying a rental that leaves me in a negative cash flow each month. ...
Kyle D.
Help me learn the Cashflow Analyzer (Tampa/Pinellas County)
I have 3 scenarios here. I know none are -exceptional- but in my area in Tampa, so much hedge fund big $$ has been spent on 3/2s that the prices have made it tough to get the deals. But when I run numbers on some of...
Account Closed
Schedule E Red Flags
Hi,I looked on my returns this year on my schedule E and on one of my rentals my CPA didn’t put an amount in my utilities section. Would that be a red flag for the IRS for audit? The building is a multi family 6 unit....
Jaquita Perkins
Negoiations and seller requests NOT to prorate rent
Hey Bp folks. I'm trying to negotiate my first deal on a mobile home park and have made offers and several counters, and now we are getting close, about 20k off on $270k deal, but now the seller lists to NOT prorate ...
Greta Andrews
REI vs Acquisitions
I'm considering my next investment. I currently own a 3 unit apartment. For my next investment I want to go bigger. I've always planned on purchasing a bigger multifamily (20+). But now I've learned of acquisitions. I...
Billie Joe
Tax Implications of Separating Real estate from Business LLC
My mother and I purchased a rental property last year, we are 50/50 owners. We paid cash for property at 22k, put some work and money into it, and it's been valued by the auditor at around 45k before improvements (how...
Rick Soulas
Any recommendations on RE tax adviser/accountant??
Looking for a new tax adviser/accountant as we just invested in our first property and want to make sure we're capitalizing on RE tax advantages...thanks!
Ayana Morali
Should I do my own taxes?
Hey all, historically I've done my own taxes using Turbo Tax. However, I'm concerned I might not be getting the most out of my return. I'm trying to figure out if I should spend the time to really dig in and do all th...
Geet Doshi
New Jersey Deal Analysis
Hi Everyone,I have been on the search for a great multi-family house in Northern New Jersey. I found a deal which (I think) is good if not great. This is my first time writing and analyzing a deal fully so please let ...
Patrick Philip
Am I missing something about the math behind investing?
I was just reading a news story about a large real estate firm that bought a building for $154,000,000 and that the building has a NOI of $10,100,000. So cap rate of 6.6%.I know that this firm most always buys with fi...